MARKET VIEW FOR 21st ARPIL 2011

AFTER BEING IN THE RANGE WITH POSITIVE BIAS MARKET REMAINED IN A RANGE TILL NOON THEN AFTER THE NEWS FLOW OF REJECTION OF BAIL PLEA OF TOP OFFICIALS OF RCOM, DB REALITY & UNITECH, SAID TO BE INVOLVED IN 2G SCAM. MARKET WAS NERVOUS AND  BLIPPED TO 5755 AND THEN THERE WAS SHARP UP MOVE TOWARDS THE CLOSE OF THE TRADE. FINALLY NIFTY ENDED AT 5851.65 (UP 110.90) & SENSEX CLOSED AT 19470.98 (UP 349.15) ON THE BACKUP OF STRONG GLOBAL CUES. MID-CAP AND SMALL CAP STOCKS ALSO PERFORMED POSITIVELY.

AS SAID EARLIER THE RANGE FOR THE NIFTY REMAINS TO BE 5950-5980 ON THE HIGHER SIDE AND 5680-5700 ON THE LOWER SIDE, MARKET RECOVERED AND ADVANCED 150 POINTS FROM THE TWO DAYS BACK LOW OF AROUND 5700. ANALYST BELIEVE THAT EVEN IF THE NIFTY REMAINS IN A RANGE STOCK SPECIFIC MOVES WILL CONTINUE AND THE COMPANIES, WHICH PERFORM IN EARNINGS AS PER EXPECTATIONS WILL BE REWARDED OR PUNISHED ACCORDINGLY. TCS AND RELIANCE RESULT WILL ALSO GUIDE THE MARKET BROADLY. HENCE THE RESULT SEASON SENTIMENT DOMINATES THE MARKET APART FROM OTHER IMPORTANT CUES.

FOLLOWING STOCKS ARE LOOKING GOOD TECHNICALLY FOR TRADING/DELIVERY 3-5 DAYS( NOTE: STOP LOSS ON CLOSING BASIS)

1.PNB(1204.75): STOP LOSS BELOW 1185 TARGET 1255/1265

2.BIOCON(372.40): STOP LOSS BELOW 362 TARGET 390++

3.PANTALOON RETAIL(273.40) STOP LOSS BELOW 263 TARGET 285-288++

4.SBI(2795.05): STOP LOSS BELOW 2770 TARGET 2850-2885++++

5. RAJESH EXPORTS(99.70): STOP LOSS BELOW 96 TARGET 115-132

6.TATA COFFEE(941.55): BUY ON EVERY FALL TILL 910 STOP LOSS BELOW 885 TARGET 1025-1045+++

7.  RANBAXY(465.25):  STOP LOSS   BELOW 450 TARGET 480-490+++

FOLLOWING STOCKS ARE GOOD TO BUY IN DELIVERY AS THEY ARE NEWS BASED:

1. PIRAMAL GLASS(127.20): MAY SOON TOUCH 150++++ ON SOME BIG FUND HOUSE BUYING. BUY ON EVERY DECLINES & HOLD.

2. MIRC ELECTRONICS(25.85): MAY TOUCH 33++++. GOOD DELIVERY PICK FOR A MONTH.

3.TIMKEN(213.55): VERY GOOD BUYING FOR 3-4 MONTHS. MEETING FOR DE-LISTING ON 22ND APRIL @320/SHARE. STOCK WILL SOON TOUCH 250++++

4. STERLITE TECH(67.75): VERY BULLISH. BUY IN DELIVERY FOR SHORT TERM TARGET OF 85++++

5. ALOK IND(25.75): BUY THIS FOR SHORT, MEDIUM AND LONG TERM DELIVERY. STOCK WILL TOUCH 32+++(IN A MONTH), 60++(BY NEXT 6 MONTHS) & 150+++ BY NEXT 18-24 MONTHS. MAY BE A MULTI BAGGER STORY.

6. SKUMARS(65.35): BUY THIS FOR SHORT, MEDIUM AND LONG TERM DELIVERY. STOCK WILL TOUCH 80+++(IN A MONTH), 120++(BY NEXT 6 MONTHS) & 250+++ BY NEXT 18-24 MONTHS. MAY BE A MULTI BAGGER STORY.

7.CAMLIN(76.60): VERY GOOD BUY FOR 3-4 MONTHS. MAY TOUCH 105++++, MAY BE EARLIER!!!!!!!!!!!!!

8.CANFIN HOME(126.40): BUY FOR 3-4 MONTHS. MAY TOUCH 180-220+++, MAY BE EARLIER!!!!!!!!!!!. SOME POSITIVE NEWS FLOW TO COME

Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.

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This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this blog are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither I (Vikas Srivastava) nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.